EON - Instant Personal loan India

Loan Amount is from Rs 10,000 to Rs 1,00,000.
Interest Rate is Up to 24% per annum.
Processing Fee is Rs.100 to Rs.1000 for one-time charge and its depend on credit analysis
Loan Repayment Tenure: Minimum 6 Months and upto 24 Months
Maximum APR : 28%

EON is Instant Personal Loan application.EON is a one stop shop for all your financial needs ex. purchase of mobile phones, medical needs, bill payments etc.

Representative Example
If loan amount is ₹50,000 & interest is 18% per annum with tenure of 12 Months; after deducting any other fees
Interest = ₹5,008
Processing Fee = Rs.700
Total Cost on loan = Rs.5,708
Total Repayment Amount = 5,708

All Other Fees & Charges
A small processing fee is charged for loans is upto 1.00%. The charges and repayment tenures vary based on credit analysis and repayment ability of the customers.
Penalty is charged only when someone delays their scheduled payment.

APR Example
A new low risk customer availing personal loan for salaried can avail a loan of ₹50,000 at an interest rate of 18%, processing fee of ₹700 for a period of 12 months. This would translate to an APR 19.4%.

Interest Calculation
If loan amount is ₹50,000 & interest is 18% per annum; and loan repayment tenure is 12 months, then overall interest payable is ₹5,008 only. The EMI per month would be ₹4,584 only.

Eligibility:
1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income

Why EON?
1. 100% Online process
2. Minimal documentation
3. Fast approval
4. Immediate bank transfer




Customer Support Email : [email protected]